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Repossessions at their lowest since 2006 - say Council of Mortgage Lenders


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Repossessions at lowest since 2006

 

The number of households having their homes repossessed fell to its lowest level since 2006 in the first half of this year, mortgage lenders have reported.

 

 

New figures from the Council of Mortgage Lenders (CML) show that 5,400 properties were taken into possession in the second quarter of this year, marking the lowest number since quarterly records began at the start of 2008.

 

When this is added to the 6,400 repossessions which took place in the first three months of 2014, the half-year total of 11,800 is the lowest six-monthly tally recorded since the second half of 2006, the CML said.

 

 

 

For full report - http://www.expressandstar.com/news/uk-news/2014/08/14/repossessions-at-lowest-since-2006/

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As far as am aware these figures would only include repossessions from 1st mortgages and not 2nd mortgages, secured loans etc http://www.theguardian.com/money/2014/aug/14/uk-home-repossessions-fall-council-mortgage-lenders

 

Yes, I believe you are correct in that. It is the 2nd mortgages/sub prime lending that needs reporting on.

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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Hi guys

Totally believe the 2 threads above and trust me these guys who force a reprossesion are only looking for a quick return and if they dont get it they will then persue you with possible added charges and interest.

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